However, I immediately dislike and distrust any talk of setting cut-off limits at some arbitrary figure. The Alternative Minum Tax fiasco that is now hitting people far below the level it was intended to reach is an example of why.That they are still talking this way is a clear warning of demagogues at work.

In any event, were the members of the Stupid Party smart, which they are not, e.g. John Boehner, then they would, in addition to (1) maintaining the Bush tax cuts PERMANENTLY, rather than this gimmicky one-year crap, they would also (2) immediately and loudly pass a middle-class tax cut by repealing the ObamaCare Tax, leaving repeal of the rest of the monster for another day.

If you are a net taxpayer, get the Vaseline in bulk. If you are an average tax payer you to will get hit, in the increases in prices to pay for these tax hikes, in jobs that aren't available for those who want to switch jobs, for all else being the same the additional drop in your 401k values......

Note: Maryland adds 24 new taxes or fees in recent years; rich flee state costing $1.7 billion in lost tax revenues." I get what your saying, but to flee the feds you have to flee the country. Little tougher to vote with your feet.

Who knows how massive it is? Part of the problem is much of the tax will be hidden in the form of increased insurance premiums. Hit the middle class more for all these welfare cases. We know the ownership class won't.